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CBRE Tapped to Lease 4 Times Square Retail
CBRE has been tapped to lease up the retail space at the Durst Organization’s 4 Times Square, former home of ESPN Zone, which closed in June 2010, a victim of the recession. Amira Yunis, an executive...
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Five Ink 50,000 at 600 Lexington Avenue
Five tenants have leased nearly 50,000 square feet at 600 Lexington, the building’s landlord, SL Green, announced on Tuesday. F5 Networks, an information technology company, signed a 10-year deal for...
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Clarity on How Mortgage Recording Tax Applies to Interest Rate Swaps
New York prides itself on being the capital of capital. But it imposes on real estate financing transactions a peculiar tax—the New York mortgage recording tax—that creates spurious issues and problems...
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Update on Walker & Dunlop’s CWCapital Buy
Walker & Dunlop’s announcement earlier in June that it had entered into a definitive agreement to acquire CWCapital for $220 million in cash and stock means that it will be looking to break into...
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True Religion Comes to Brooklyn, Borough of Churches
Hill of The Lord Ministries, a non-denominational Christian church, signed a five-year lease at 204 28th Street in Sunset Park. The asking rent was $14 per square foot. Apostle Samuel Appiah, church...
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Specialty Lenders: Where to Look
For summer 2012, financing has returned for many real estate investors. And borrowers are able to secure it at record low interest rates, especially if the asset is a residential rental property....
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Thor High Street Advisors Launches London Office
Thor High Street Advisors has picked branding and apparel expert James Hall to head up the company’s new European office, which will be based in London. Mr. Hall was most recently a principal and...
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European Recession, the American Fiscal Cliff and Commercial Mortgage Lending
Europe stayed its most immediate existential threat when parties committed to the Hellenic bailout carried Greece’s mid-June election, the second in as many months. New Democracy eked out a slim...
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Details on Nordstrom’s 225 West 57th Street Location
On the heels of The Commercial Observer’s report yesterday about all signs pointing to Nordtrom taking space at Extell Development’s project at 225 West 57th Street, the company said today that it has...
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Q&A: Josh Zegen, Madison Realty Capital
Madison Realty Capital has done $1 billion in transactions since it began investing in 2005. The Mortgage Observer spoke to co-founder Josh Zegen about the types of deals Madison, which just closed a...
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Former Tiffany Glass Blowing Studio Refinanced
The Tiffany Glass Building, a commercial co-op at 333 Park Avenue South, has been refinanced thanks to a $7.7 million loan arranged by Meridian Capital Group. According to a source, the main portion of...
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Hint: Jon Corzine and Chelsea Clinton Once Worked In This Office Building
Each Friday, The Commercial Observer posts images of building artwork–be it a sculpture, mural or installation–in an effort to sharpen your memory and give you the opportunity to prove your worth as a...
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Nordstrom and Extell Development: Patience is a Virtue
It turns out that patience is virtue for both Nordstrom and Extell Development. When the retailer announced Thursday that it would be opening a 285,000-square-foot, 7-story store at 225 West 57th...
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Amazon Grabs Another Suite at 1350 Avenue of the Americas
Courtesy of Wikipedia Amazon, the leading internet retailer, has expanded its office space in SL Green's 1350 Avenue of the Americas. The company originally opened shop in SL Green's 420 Lexington...
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Revealed: Jon Corzine and Chelsea Clinton Once Worked in This Building
Earlier today, The Commercial Observer posted images of building artwork in an effort to sharpen your memory and give you the opportunity to prove your worth as a broker, or, for that matter, an art...
View ArticleLeases Likely to Fall, China Sluggish
Leasing likely to fall 30% below last year’s level-Crain’s New York China Slows Despite Aggressive Stimulus-Businessweek Robert Sammons is vice president of research services at Cassidy Turley, a...
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HFF Arranges $41.2 Million in Financing for Edison Industrial Center
The Middlesex Logistic Center, a 570,100-square foot warehouse and distribution center in Edison, N.J. due to be delivered in 2013 by developer JG Petrucci Co., has received $41.2 million in...
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Hint: It’s About Time (Equities)
Each Friday, The Commercial Observer posts images of building artwork–be it a sculpture, mural or installation–in an effort to sharpen your memory and give you the opportunity to prove your worth as a...
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Third Point Signs Deal At Lever House
Third Point, the multi-billion dollar hedge fund managed by Daniel S. Loeb, is renewing its office and expanding at the high-end Park Avenue office tower Lever House in what would be one of the most...
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Genting’s Resorts World Casino Most Profitable, Slappable Racino
Genting Malaysia's Resorts World Casino's video lottery terminals (VLTs) can dish out the dollars and take it on the chin, evidently. The Queens-based racino, which paid out $3 billion in winnings to...
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